Business in Asia: Transportation, Maritime, Logistics news

Chinese-backed Finnish venture of world’s longest undersea rail tunnel back on agenda

The Chinese-backed Finnish venture of building the world’s longest undersea rail tunnel from Helsinki to Tallinn was rejected by the Estonian government last year, but now talks are back on the agenda. According to BNN Bloomberg, the Estonian incoming government now plans to restart positive talks with Finland. The plan promoted by Finnish entrepreneur Peter…

Maersk container ship spills 750 containers into the Pacific Ocean

Severe weather conditions in the pacific ocean resulted in up to 750 containers going overboard on a containership operated by Danish integrated shipping company Maersk, WK Webster said in a report posted on its website. Maersk Essen, a Danish-flagged 13,100 twenty-foot equivalent unit (TEU) lost the 750 containers en route from China to Los Angeles…

Volvo Cars Thailand opens 3 new retailers

Volvo Cars Thailand opens three new retailers in and around Bangkok to remain on a steady path to stable business growth. Volvo Cars remain popular amongst the Thai population and the opening of its three new retailers is to meet the expected demand. Chris Wailes, Managing Director of Volvo Cars (Thailand) Co., Ltd. said to…

Finnish Nurminen Logistics opens 3 new train routes between China to Finland

On 22 January 2021, Nurminen Logistics, a Finnish company providing cargo handling and railway transport services announced the opening of three new train routes from China to Europe. The company’s Chinese container train traffic volumes have tripled during 2020 and the new routes will be opened to meet the increased demand. Marjut Linnajärvi, Sales Director…

Norway finally ready to help Norwegian airline avoid bankruptcy

Norwegian airlines has announced that the government of Norway is ready to help the airline financially under certain conditions. The government of Norway has agreed to help Norwegian by granting a so-called hybrid loan, which is a loan without an expiration date with special terms. The conditions for joining are that Norwegian raises at least…

EV cars in Norway account for more than half of the entire auto market

Clean transport transition is well underway and sales of plug-in electric cars have increased significantly in 2020 in the world’s two biggest markets, Europe and China.  Europe is led by Norway where plug-in electric cars now account for 54 percent of the entire auto market. China and Europe have, with both the market’s combative attitude…

Swedish Greencarrier explains why there are not enough containers

The coronavirus pandemic has turned the world upside down, writes the Swedish headquartered global logistics company Greencarrier. An unpredictable fallout has been a shortage of containers. During a pandemic like this, we are absolutely dependent on the shipping industry to transport food, medicine, and other necessities across borders. And the shipping industry is absolutely dependent…

Norwegian Air drops flying to Thailand

Norwegian Air has announced that the airline will halt its long-haul business in an aim to survive the pandemic. The low-cost airline continues to struggle to survive the financial effects of the Covid-19 pandemic and the new initiative is another measure for the airline to stay afloat. Norwegian Air has in recent years operated long-haul…

Asia in container crisis as world’s demand for medical equipment increase

There is an unpredictable shortage of shipping containers in Asia and it has never been more expensive to transport a container of goods from Asia to other parts of the world than it is now. As factories in China, Vietnam, Taiwan, and South Korea have experienced an increasingly high demand for medical equipment during the…

Singapore Airline, SAS and Finnair among safest airlines in the world

According to AirlinesRatings.com, an airline safety and review website, Singaporean Airlines, SAS, and Finnair are amongst the safest airlines to fly with in 2021. Singapore Airlines ranked 4th on the list amongst 19 other airlines. SAS and Finnair found themselves in the top 20, ranked 16th and 17th ahead of the likes of Lufthansa, KLM,…